Rakoff Slams J.P. Morgan Over Loan

A federal judge has rebuked J.P. Morgan Chase & Co. for taking part in an what he called an "end run, if not a down right sham" in the way it arranged a $225 million loan deal for Mexican telecom company Empresas Cablevisión SAB.

In a ruling unveiled late last month in U.S. District Court in Manhattan, Judge Jed Rakoff said the New York bank structured the deal so it would have allowed a major competitor of Cablevisión...